Friday, June 3, 2011

The Oxford PhD (in history) governor of Shizuoka, Heita Kawakatsu (pictured), changed his tunes and now says his prefecture will follow the order by the national government and test the bulk tea ("aracha") for radioactive materials.

Why? Nobody knows. Shizuoka's "shincha" (new tea) has already been sold and shipped, both in bulk form and in the final, blended form. "Shincha" commands a huge premium over "nibancha" (second tea).

But the tea growers in Shizuoka are furious at the governor's flip-flop, as Shizuoka Shinbun reports (6/3/2011; original in Japanese, rough English summary):

Tea growers and wholesalers in Shizuoka expressed anger and confusion over the government's decision to apply the provisional limit for raw tea leaves [500 becquerels/kg] to "aracha" (bulk tea).

Shizuoka Prefecture had insisted the tea was "safe". Governor Heita Kawakatsu said on June 2, prior to the national government announcement, that half-hearted measures [like testing the bulk tea for radiation] would only amplify the fear.

Shizuoka JA [agricultural co-op] accepted the decision, but the growers are not convinced. They wonder whether applying the same standard for raw leaves to the bulk tea is appropriate. They also wonder if they can continue to produce tea next year. A tea wholesaler in Shizuoka City is furious, saying "We have already shipped "shincha" (new tea) all over Japan. If they were going to do it, they should have done it much sooner." He continued, "There will be returns. Will the wholesalers like us be compensated?" The president of Shizuoka Tea Market that trades "aracha" (bulk tea) asks, "What about "aracha" that the wholesalers have as inventory or which is currently in the market?"

Sorry, growers. When the radioactive materials were detected in nearby Kanagawa, you should have erred on the side of caution and stopped processing raw tea leaves, which then turned out to be radioactive. Sorry wholesalers. You should have stopped shipment, no matter how much you wanted to believe the governor and his tea-gulping performance.

Instead, Shizuoka growers, wholesalers, JA, and the prefectural government did a "new tea" festival and shipped its new tea (in bulk tea form and final blend) all over Japan. As I posted, they shipped to the US, too.

Now the growers may have to decon their equipment and the wholesalers their warehouse...

In response to...HaHaHaHaHaHaHaHaHaHa!!!!!! Soo..soo..Sorrrley Charlie...HaHaHaHaHaHa!!!!!!!!!Fug' emmmm!!!!!!...........................................Don't be so flippant.I would bet good money that you are a yank.Try living here and worrying about this.Try writing your name next time you post, too.

Hi,I'm a tea drinker from Italy. I like japanese green tea so much that I've just bought 3 100g packages of 2010 Shizuoka sencha from a reputable online vendor. 2010 tea isn't affected, nor is affected the entire Shizuoka production. Radiation spreads in a manner that's very difficult to predict. What is contaminated here is not contaminated 200mt far away. Chernobyl teaches. Fortunately the Japanese government has set a provisional level of 500beq/kg for all stages of tea production. Here can be seen all the tests: http://www.mhlw.go.jp/english/topics/2011eq/index.html

About my coverage of Japan Earthquake of March 11

I am Japanese, and I not only read Japanese news sources for information on earthquake and the Fukushima Nuke Plant but also watch press conferences via the Internet when I can and summarize my findings, adding my observations.

About This Site

Well, this was, until March 11, 2011. Now it is taken over by the events in Japan, first earthquake and tsunami but quickly by the nuke reactor accident. It continues to be a one-person (me) blog, and I haven't even managed to update the sidebars after 5 months... Thanks for coming, spread the word.------------------This is an aggregator site of blogs coming out of SKF (double-short financials ETF) message board at Yahoo.

Along with commentary on day's financial news, it also provides links to the sites with financial and economic news, market data, stock technical analysis, and other relevant information that could potentially affect the financial markets and beyond.

Disclaimer: None of the posts or links is meant to be a recommendation, advice or endorsement of any kind. The site is for information and entertainment purposes only.